International Review of Economics & Finance最新文献_第6页

Rural policies, regional integration, and tourism growth: Evidence from a quasi-natural experiment of the national tourism poverty alleviation demonstration project 农村政策、区域一体化与旅游业增长：来自国家旅游扶贫示范项目准自然实验的证据

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-07-07 DOI: 10.1016/j.iref.2025.104411

Shaoting Song , Yihan Gong , Tiequan Li , Xinle Peng , Qiong Da

{"title":"Rural policies, regional integration, and tourism growth: Evidence from a quasi-natural experiment of the national tourism poverty alleviation demonstration project","authors":"Shaoting Song , Yihan Gong , Tiequan Li , Xinle Peng , Qiong Da","doi":"10.1016/j.iref.2025.104411","DOIUrl":"10.1016/j.iref.2025.104411","url":null,"abstract":"<div><div>Against the backdrop of ongoing implementation of the rural revitalization strategy and regional coordinated development policies, rural tourism is regarded as a crucial pathway for promoting rural economic growth and narrowing regional development disparities. Based on the pilot policy of the “National Tourism Poverty Alleviation Demonstration Project,” this paper constructs an interaction model between rural tourism policies and regional integration. Using panel data from multiple regions in China spanning 2009 to 2023, it empirically analyzes the impact mechanisms of rural tourism policies and regional integration on tourism growth, and further explores the moderating effects and heterogeneity under different fiscal conditions. The results indicate that: (1) Rural tourism policies significantly promote regional tourism growth by effectively stimulating the development of tourism resources and enhancing reception capacity; (2) The level of regional integration itself also exerts a significant positive effect on tourism growth; (3) Regional integration plays an important moderating role between rural tourism policies and tourism growth—where higher levels of integration are associated with more pronounced policy effects; (4) The moderating effect exhibits significant heterogeneity under different levels of general public budget expenditures, with regions possessing higher budget expenditures demonstrating stronger policy support and synergy, thereby enabling more effective policy outcomes.</div></div>","PeriodicalId":14444,"journal":{"name":"International Review of Economics & Finance","volume":"103 ","pages":"Article 104411"},"PeriodicalIF":4.8,"publicationDate":"2025-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144634578","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Value-at-risk forecasting- based on textual information and a hybrid deep learning-based approach 基于文本信息和基于深度学习的混合方法的风险价值预测

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-07-07 DOI: 10.1016/j.iref.2025.104403

Yangfan Cao , Wei Chong Choo , Bolaji Tunde Matemilola

{"title":"Value-at-risk forecasting- based on textual information and a hybrid deep learning-based approach","authors":"Yangfan Cao , Wei Chong Choo , Bolaji Tunde Matemilola","doi":"10.1016/j.iref.2025.104403","DOIUrl":"10.1016/j.iref.2025.104403","url":null,"abstract":"<div><div>The recent rise in deep learning and natural language processing (NLP) applications has notably improved productivity across different fields. This research aims to refine Value-at-Risk (VaR) model accuracy by leveraging text mining and deep learning. It first uses NLP to analyze online news sentiments, integrating these as variables to boost stock market risk forecasts and assess their effect on VaR accuracy. Additionally, the study combines predictions from four unique Generalized AutoRegressive Conditional Heteroskedasticity (GARCH)-type models into advanced Long Short-Term Memory (LSTM) and Convolutional Neural Network (CNN)-LSTM models to see if this boosts VaR precision. It also explores how textual data impacts VaR predictions over short and longer periods, using 7 and 20-day rolling windows. The analysis, using S&P500 (SPY), Dow Jones Industrial Average (DJI), and Nasdaq Composite (IXIC) data from 2012 to 2023 alongside news headlines, tests these approaches. The results confirm that incorporating textual information into the VaR model enhances its forecasting accuracy, highlighting the benefits of applying deep learning techniques in this process.</div></div>","PeriodicalId":14444,"journal":{"name":"International Review of Economics & Finance","volume":"103 ","pages":"Article 104403"},"PeriodicalIF":4.8,"publicationDate":"2025-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144604172","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Is post-event accountability effective-analysis of the effect and mechanism of environmental auditing on corporate ESG impacts 事后问责制是否有效——分析环境审计对企业ESG影响的效果和机制

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-07-05 DOI: 10.1016/j.iref.2025.104392

Tianqi Gan , Kangning Zhang , Jianguo Du , Liangliang Liu

{"title":"Is post-event accountability effective-analysis of the effect and mechanism of environmental auditing on corporate ESG impacts","authors":"Tianqi Gan , Kangning Zhang , Jianguo Du , Liangliang Liu","doi":"10.1016/j.iref.2025.104392","DOIUrl":"10.1016/j.iref.2025.104392","url":null,"abstract":"<div><div>In the face of increasingly severe environmental protection pressures, enterprises need to balance the relationship between economic pressure and environmental responsibility. As an ex-post environmental policy, environmental auditing may beKey regulatory role in realizing this balance, which comprehensively supervises the production, operation and emission performance of enterprises, aims to assess and ensure the effective implementation of ecological protection measures, and becomes a special way of “post-event accountability” in the process of corporate environmental management. Based on the panel data of A-share listed companies from 2009 to 2021, the article analyzes the impact of environmental auditing on corporate ESG performance and its internal mechanism using a multi-period double-difference model.The results of the study show that: firstly, environmental auditing can help enterprises improve their ESG performance and make the environmental governance method of “post-event accountability” practicable; Secondly, environmental auditing has a positive impact on corporate ESG through inhibition, regulation and supervision effects, i.e., it can inhibit corporate “greenwashing” behavior and enhance the authenticity of environmental information disclosure; regulate corporate management and reduce the frequency of violations; strengthen public supervision duties and prompt the media to pay more attention to corporate environmental performance; and lastly, environmental auditing has a more obvious effect on the enhancement of ESG performance of state-owned enterprises and small-scale enterprises. The findings of this paper enrich the green governance effect of eco-auditing and expand the research on the impact of corporate ESG performance.</div></div>","PeriodicalId":14444,"journal":{"name":"International Review of Economics & Finance","volume":"103 ","pages":"Article 104392"},"PeriodicalIF":4.8,"publicationDate":"2025-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144653784","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Big data and Sustainability: Exploring the role of data element allocation in enhancing corporate performance 大数据与可持续发展：探讨数据要素配置在提升企业绩效中的作用

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-07-05 DOI: 10.1016/j.iref.2025.104402

Zhengang Zhang, Gailei He, Yushu Lu

引用次数: 0

Effects of public services use on the sense of acquisition among low-income groups: Mediating effect of physical health 公共服务使用对低收入群体获得感的影响：身体健康的中介作用

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-07-05 DOI: 10.1016/j.iref.2025.104408

Liuzhan Jia

{"title":"Effects of public services use on the sense of acquisition among low-income groups: Mediating effect of physical health","authors":"Liuzhan Jia","doi":"10.1016/j.iref.2025.104408","DOIUrl":"10.1016/j.iref.2025.104408","url":null,"abstract":"<div><div>This study investigates the influence mechanism of public services use on low-income groups' sense of acquisition and verifies the mediating effect of physical health. The research also provides suggestions for promoting low-income groups' sense of acquisition. Using the Chinese General Social Survey, data were collected from 585 low-income respondents across China, and the research employs reliability and validity analyses and regression analysis to test the hypotheses. The regression coefficient of public services use's influence on the sense of acquisition is 0.21 (p < 0.01) and that of physical health is 0.22 (p < 0.01). Physical health has a 19.05 % meditating effect size in the total effect, with a 0.02–0.06 confidence interval. This study demonstrates that physical health has a partial mediating role in shaping the dynamics between public services use and the sense of acquisition, particularly for low-income groups. The research conclusion contributes to the government to improve the living conditions and physical health of low-income group, and interpretation the mechanism of how the public services use to influence the psychological feelings.</div></div>","PeriodicalId":14444,"journal":{"name":"International Review of Economics & Finance","volume":"103 ","pages":"Article 104408"},"PeriodicalIF":4.8,"publicationDate":"2025-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144632506","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Industrial convergence, market structure, and consumption upgrading 产业融合、市场结构、消费升级

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-07-05 DOI: 10.1016/j.iref.2025.104388

Xiuzhen Huo, Lingfang Liu

引用次数: 0

Research on the impact of corporate financialization on debt financing level: From the dual perspectives of risk-taking and earnings management 企业金融化对债务融资水平的影响研究——基于风险承担与盈余管理的双重视角

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-07-05 DOI: 10.1016/j.iref.2025.104328

Qing Zhao , Yihan Gan , Lijun Song , Suqing Fan

引用次数: 0

China's outward foreign direct investment, environmental protection, and green technology progress 中国对外直接投资、环境保护和绿色技术进步

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-07-05 DOI: 10.1016/j.iref.2025.104384

Weiyi Cai, Sijia Qin, Xiaoqi Meng

引用次数: 0

Can the development of agricultural insurance promote the resilience of agricultural economy? The dynamic mechanisms of the digital economy development 农业保险的发展能否促进农业经济的弹性？数字经济发展的动力机制

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-07-05 DOI: 10.1016/j.iref.2025.104386

Tianqing Chen , Liangang Zhang , Mei Wen , Wei Yuan , Wenyue Lin

引用次数: 0

The relation between environmental awareness and stock returns 环境意识与股票收益的关系

IF 4.8 2区经济学

International Review of Economics & Finance Pub Date : 2025-07-04 DOI: 10.1016/j.iref.2025.104383

Matthias Horn , Andreas Oehler , Amal Dabbous , Alexandre Croutzet

引用次数: 0